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The Ministry of Finance presented another set of tax proposals under the “Polish Deal” program. Their guiding idea is the return (repatriation) of capital to Poland. Additionally, it is proposed to simplify the provisions on transfer pricing. Transfer pricing simplifications Following the decisions of the Transfer Pricing Forum, the Ministry proposes the following solutions: elimination

The Ministry of Finance has published further proposals for tax changes in the so-called Of the “Polish Deal”. They include, in particular, the following. Relief for increasing sales The relief of the relief is another novelty in the Polish tax system. The taxpayer could deduct from the income the costs incurred in order to increase

The Ministry of Finance presented another package of proposals for taxpayers under the “Polish Deal” program. They focus on facilitating easier settlements and new tax reliefs. The regulations are to enter into force on 1 January 2022. The “Estonian CIT” The Ministry proposes to simplify the regime and to make it more accessible, especially through:

The Ministry of Finance proposed solutions in the field of tax reliefs, which are part of the so-called “Polish Deal”. R&D relief The most important change is the proposal that all taxpayers should be able to deduct 200% of employee costs as part of R&D. Relief for innovative employees According to the proposed regulation, a

The Ministry of Finance is proposing a package of tax reliefs aimed at reviving the economy. The Ministry proposes to introduce: relief for the initial public offering of shares (IPO relief); relief for investors via Venture Capital funds that invest capital in innovative enterprises; consolidation relief; expansion relief; changes in the so-called “Estonian” CIT. In

The Council of Ministers adopted amendments to the VAT Act – “Slim VAT 2” package. Let us remind that the changes include: elimination of the need to correct input tax in the absence of an invoice in the case of import of services; extension of the time to take advantage of bad debt relief from

The Supreme Administrative Court today adopted two resolutions important for taxpayers: administrative courts may examine the legitimacy of initiating fiscal penal proceedings, i.e. whether they could only serve to suspend the limitation period for a tax liability – sign. I FPS 1/21; income derived from rental, lease and similar contracts are included without limitation in

Yesterday, the Sejm adopted an amendment to the VAT Act, including the implementation of the so-called “e-commerce package”. Let us remind that the implemented solutions relate to the following aspects: introduction of the VAT-OSS (VAT One Stop Shop) procedure, which is to replace the VAT-MOSS legal regime and the legal regime of distance sales. In

Day-to-day business practice involve situations where it becomes necessary to write off debts (receivables) against the debtor. How to account for such an event for corporate income tax (CIT) purposes? Initially, it should be noted that the term “remission of debts” is understood as a voluntary release of the debtor from the debt. Such a

Business practice has accustomed us to athletes, artists or other famous figures promoting various goods and services. Accounting follows marketing. The contract providing the right to the image for promotional purposes regulates the issues of remuneration. In the case of non-residents, the question arises whether this type of remuneration is subject to withholding tax in

The Polish provisions of the VAT Act allow for the imposition of an additional tax liability in VAT (the so-called “VAT sanction”) in the event of understating the liability / increasing the return in the indicated declaration or in the absence of its submission (its amount is 30% or 20% of the due liability). Doubts

Today, the Council of Ministers adopted an amendment to the VAT Act, including the implementation of the so-called “e-commerce package”. The implemented solutions relate to the following aspects: introduction of the VAT-OSS (VAT One Stop Shop) procedure, which is to replace the VAT-MOSS legal regime and the legal regime of distance sales. In this way,

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